“33A Annual income tax returns not required from taxpayers

• “(1) For the purposes of this Act, subject to subsections (2) and (3), a natural person shall not be required to furnish a return of income in relation to a year if, in the year, the person—

  • “(a) Is not a New Zealand superannuitant; and

  • “(b) Does not derive gross income other than—

    • “(i) Income from employment from which a tax deduction is liable to be made in accordance with the PAYE rules:

    • “(ii) Interest or dividends from which resident withholding tax is liable to be deducted in accordance with the RWT rules; and

  • “(c) Derives annual gross income that does not exceed $34,200; and

  • “(d) Does not derive gross income as a shearer or as a shearing shed hand; and

  • “(e) Is not an absentee; and

  • “(f) Is not issued with a family certificate of entitlement for any part of the year; and

  • “(g) Does not have a spouse who is issued with a family certificate of entitlement for any part of the year; and

  • “(h) Is not required to pay any financial support under the Child Support Act 1991; and

  • “(i) Does not have any IRD loan balance (as defined in section 2 of the Student Loan Scheme Act 1992).

  “(2) Notwithstanding anything in subsection (1), a person who is a New Zealand superannuitant shall not be required to furnish a return of income in relation to a year if, in the year, the person—

  • “(a) Satisfies paragraphs (b) to (i) of subsection (1); and

  • “(b) Receives payments of which the following amounts do not exceed $7,722 in aggregate—

    • “(i) Income from employment other than New Zealand superannuation:

    • “(ii) Interest and dividends:

    • “(iii) 50% of any pension from a superannuation fund:

    • “(iv) 50% of any annuity to which section CB 9(f) applies.

  “(3) Notwithstanding anything in subsections (1) and (2), a person shall be required to furnish a return of income in relation to a year if, in the year,—

  • “(a) The person receives income from employment from which a tax deduction is made and the amount of the tax deduction is determined wholly or partly by a special tax code certificate issued under section NC 14 of the Income Tax Act 1994:

  • “(b) The Director-General of Social Welfare pays to the person or to the person's spouse a family credit under section KD 6 of the Income Tax Act 1994 for which the amount of family credit abatement (as given by section KD 2(4) of the Income Tax Act 1994) is greater than nil.

  “(4) For the purposes of subsections (1) and (2), resident withholding tax is deemed to be deducted from a dividend if application of the formula in section NF 2(1)(b) of the Income Tax Act 1994 results in the payer of the dividend being required to deduct a nil amount.”.